June 30, 2008
A Long Trade In A Declining Market -- Mike Carr, CMT
Even as the market averages move into bear market territory, long trades can be found using technical trading strategies....
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Technical Indicators Add Up To A Long For Korn/Ferry -- Mike Carr, CMT
As layoffs mount, staffing companies can profit by helping to locate replacements for senior managers and offering consulting services to help with the changing corporate culture. That's what Korn/Fer...
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Aeropostale, A Shop For The Teens -- Koos van der Merwe
The DJIA is officially in a recession but the S&P/TSX Composite index of Canada is not, mainly due to the price of oil and gold. Today's teenagers have yet to find this out. Aeropostale is an example....
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June 27, 2008
Air Products Hits An Air Pocket -- Arthur Hill
After hitting long-term resistance, Air Products suffered a momentum reversal and trendline break that point to weakness in the coming weeks....
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June 26, 2008
Dow Industrials Looking Bearish -- Mike Carr, CMT
After breaking key support at 12,000, the next thousand-point move in the Dow Jones Industrial Average is more likely to be down than up....
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Dow Transport Index New High Prediction -- Alan R. Northam
The Dow Jones Transportation Average has made a price high in July 2007 and in May 2008. The transports could now be set to make one more run at yet another new high in the very near future....
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ANN Breaks Wedge Support -- Arthur Hill
Ann Taylor Stores rallied the first five months of the year, but the advance formed a bearish wedge and a recent support break ended the rally....
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June 25, 2008
Underfollowed Stocks Can Benefit Technicians -- Mike Carr, CMT
Some stocks like Presidential Life have no analyst coverage, which means little trading activity. These stocks can present profitable opportunities to alert technicians....
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Pulling The Plug On Pool Corp. -- Arthur Hill
Pool Corp. broke triangle support over the last few days, targeting further weakness into October....
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June 24, 2008
Is TJX Ready To Move Higher? -- Mike Carr, CMT
After building an extended base, TJX looks ready to move higher....
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Bearish Candlesticks Circling JB Hunt -- Arthur Hill
JB Hunt is holding up surprisingly well over the last few weeks, but signs of selling pressure are starting to emerge and a support break looks imminent....
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June 23, 2008
Where Is The Price Of Oil Going? -- Koos van der Merwe
To determine the movement of the oil price, I looked at the oil ETF....
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June 20, 2008
Technology Select SPDR Ready To Break Down -- Alan R. Northam
XLK made a market low in mid-January and has been trading in an upward trend ever since. However, the evidence points out that this uptrend is nothing more than a bear market rally that is about to en...
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Liz Claiborne Continues Lower -- Arthur Hill
A confirmed descending triangle and a new 52-week low confirm the downtrend for Liz Claiborne and point to even lower prices ahead....
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A Head & Shoulders For Fossil -- Arthur Hill
Fossil formed a head & shoulders pattern and confirmation would project sharply lower prices....
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June 19, 2008
Petsmart Rolls Over At Resistance -- Arthur Hill
After a weak rally to resistance, a key momentum indicator is rolling over and Petsmart looks poised to continue its downtrend....
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Financials Select SPDR Double Bottom? -- Alan R. Northam
By casual observation, XLF looks like it is forming a double bottom, but don't be taken in. XLF has found some short-term support, but the main trend is still down, and here's why....
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The Chart Tells The Story -- Mike Carr, CMT
Sometimes we can learn all we need to by looking at the chart, even without knowing the name of the company....
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June 18, 2008
Forest Oil Set To Move -- James Kupfer
A convergence of technical indicators suggests that Forest Oil Corp. is ready to continue its trend up....
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Coal: The Forgotten Commodity -- Mike Carr, CMT
A relatively new ETF provides investors with a way to bet on the price of coal, a valuable commodity but historically tough to trade....
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A Pair Of Flags For Newmont -- Arthur Hill
Newmont Mining has falling flags working on two time frames, and a breakout on the daily chart would have long-term implications....
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June 17, 2008
Citigroup — The Beginning Of The Beginning? -- Koos van der Merwe
Is a buy signal given by Citigroup the start of a recovery for financial institutions?...
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Utilities Select Sector In Trading Range -- Paolo Pezzutti
An increase in volatility could initiate a new directional move....
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TradeStation, A Potential Long Trade -- Mike Carr, CMT
This well-known trading platform and brokerage firm is trading at a price equal to less than the cash on its books, and is a technical buy....
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June 13, 2008
Inside Days For USO -- Arthur Hill
While the long-term trend for the United States Oil Fund ETF is certainly up, an extended harami shows hesitation that could foreshadow a correction....
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Using Sector Strength To Identify Buys -- Mike Carr, CMT
Relative strength offers traders a way to identify top-performing sectors, and exchange traded funds offer a way for investors to trade these ideas....
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Homebuilders Headed South -- Alan R. Northam
The SPDR S&P Homebuilders Index has completed its corrective wave pattern, signaling that this index of homebuilders is now headed south....
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